BlackRock's iShares Ethereum Trust has become the third-fastest ETF to accumulate $10 billion in assets, achieving this milestone in just 251 days. Meanwhile, MicroStrategy is looking to raise up to $2.5 billion through a preferred stock offering to increase its Bitcoin holdings, which are currently valued at $70.6 billion. MARA Holdings, a major Bitcoin miner, announced an upsized debt raise of $950 million, which caused its stock to drop by 12%. The proceeds from this raise will support operational costs and acquisitions, rather than exclusively Bitcoin purchases. Despite the dip in stock price, analysts suggest that the long-term outlook for MARA remains positive. Additionally, recent market fluctuations saw significant movements in Bitcoin by large holders, impacting market dynamics. Analysts speculate that the introduction of in-kind redemption for Ethereum and Bitcoin ETFs could further accelerate their growth, despite initial concerns regarding their complexity and regulatory scrutiny.

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